70190 Main St Richmond, MI 48062
Five-unit property near Downtown Richmond with recent updates.
Lot size:
0.34 AcresProperty Features for 70190 Main St
General Information
- Property type
- Investment
- Standard status
- Active
- Lot size
- 0.34 Acres
Building Details
- Year built
- 1910
Source:
Elliman
Listing Agent: Pam Mackay-Levien
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Fully Occupied Multi-Family Investment
This fully occupied five-unit multi-family property presents an investment opportunity, situated minutes from Downtown Richmond. The property consists of two separate buildings. The main house is a triplex featuring a one-bedroom, one-bath unit of approximately 600 square feet, a two-bedroom, one-bath unit of approximately 850 square feet, and a two-bedroom, two-bath unit of approximately 1,100 square feet with a finished basement and carport. Each unit in the triplex has been maintained with updates including newer furnaces, hot water tanks, AC wall units, flooring, and remodeled kitchens and baths. The rear duplex was fully converted in 2021 from a storage structure into two apartments. The renovation included all-new utilities for gas, water, sewer, and electric, along with new interiors, fixtures, flooring, and a fire suppression system. One unit in the duplex offers three bedrooms and one bath, while the other includes two bedrooms, one bath, and a small office. All units are separately metered for gas, electric, and water. Tenants are currently on month-to-month leases. This property is an income-producing investment in a Richmond location.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Richmond
- County
- Macomb
- State
- Michigan
- Longitude
- -82.759228
- Latitude
- 42.817929
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FAQs
What type of property is this?
Apartment building - Five-unit property near Downtown Richmond with recent updates.
Where is this apartment building located?
The property is located at 70190 Main St Richmond, MI.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: - Fully occupied, income-producing five-unit multi-family property.; - Located minutes from Downtown Richmond.; - Separately metered for gas, electric, and water, lowering operating expenses.
